Overview
- President Donald Trump announced a 25% surcharge on countries that trade with Iran, though no implementing executive order has been issued.
- Brazil’s exposure is limited, with Iran taking 1.73% of agribusiness exports in 2025 worth about US$2.9 billion, and Iran serving as a notable source of urea fertilizer.
- Geraldo Alckmin argued the proposed supertariff would be difficult to enforce because it would need to cover more than 70 trading nations.
- Brazil is engaging through the Foreign Ministry and plans to press for protections against any related taxation in talks linked to the upcoming Mercosur–EU agreement signing.
- The U.S. move follows widening unrest in Iran, with rights groups reporting over 600 deaths, more than 10,000 arrests, and an internet shutdown ordered by authorities.